cpadmin@publicbroadcasting.netNPR Digital Services RSS Generator 0.94NPR Digital Services RSS Generator 0.94The Carlyle GroupThu, 04 Aug 2016 04:43:52 +0000The Carlyle Grouphttp://mtpr.org
Edward O'BrienThe legal wrangling over the future of Missoula’s water utility moves to the Montana Supreme Court Friday. Montana Supreme Court justices hear oral arguments in that case at the University of Montana. The city wants to take ownership by condemnation of Mountain Water Company for the legally determined price of $88 million dollars. Future of Missoula's Water Utility Moves To State Supreme Courthttp://mtpr.org/post/future-missoulas-water-utility-moves-state-supreme-court
47760 as http://mtpr.orgWed, 20 Apr 2016 23:03:21 +0000Future of Missoula's Water Utility Moves To State Supreme CourtCorin Cates-CarneyMontana’s Public Service Commission is suing the private company that supplies Missoula’s drinking water. The Commission says utilities can’t be sold without the regulatory authority’s approval. Public Service Commission Suing Over Mountain Water Salehttp://mtpr.org/post/public-service-commission-suing-over-mountain-water-sale
44574 as http://mtpr.orgSat, 30 Jan 2016 00:43:43 +0000Public Service Commission Suing Over Mountain Water SaleEric WhitneyA state judge today re-opened a case contesting whether state regulators have jurisdiction in the sale of the water system that serves the city of Missoula. Judge Agrees To Re-Open Mountain Water Casehttp://mtpr.org/post/judge-agrees-re-open-mountain-water-case
43902 as http://mtpr.orgWed, 13 Jan 2016 00:29:51 +0000Judge Agrees To Re-Open Mountain Water CaseMTPR NewsThe owner of the water system that serves the city of Missoula has sold it to another company without the approval of the state Public Service Commission. This despite a court ruling that gives the city the right to buy the utility for a little under $90 million. Carlyle Group Sells Mountain Water Co. Without PSC Approvalhttp://mtpr.org/post/carlyle-group-sells-mountain-water-co-without-psc-approval
43862 as http://mtpr.orgTue, 12 Jan 2016 01:00:50 +0000Carlyle Group Sells Mountain Water Co. Without PSC ApprovalSteve JessThe City of Missoula has hit a speed bump in its effort to take ownership of the city’s water system. The current owner, the Carlyle Group, is trying to sell Mountain Water Company of Missoula, and several other local water systems, to Liberty Utilities, a company that operates an assortment of water, electric and gas utilities around the country.PSC Review Of Mountain Water Sale Continues Despite Condemnation Proceedingshttp://mtpr.org/post/psc-review-mountain-water-sale-continues-despite-condemnation-proceedings
37564 as http://mtpr.orgWed, 29 Jul 2015 00:45:18 +0000PSC Review Of Mountain Water Sale Continues Despite Condemnation ProceedingsEdward O'BrienMissoula's mayor says he's glad a judge agrees with the city that public ownership of the local water utility is better than private ownership. But John Engen says there’s still a lot of work to be done , not the least of which is determining a fair price for Mountain Water Company.Missoula, Carlyle Group Must Now Negotiate Mountain Water Pricehttp://mtpr.org/post/missoula-carlyle-group-must-now-negotiate-mountain-water-price
35880 as http://mtpr.orgTue, 16 Jun 2015 23:14:53 +0000Missoula, Carlyle Group Must Now Negotiate Mountain Water PriceEric WhitneyMissoula Mayor John Engen says he understands Algonquin's intent in buying Mountain Water, but he's not convinced the company can actually buy it, given the city's attempts to take ownership by condemnation from The Carlyle Group. Engen spoke at a press conference in his office this morning after meeting with Algonquin's CEO. "Without being an attorney, I am going to assert that there is no way for this deal to close without these folks dealing with the City of Missoula," Engen said. "The court has assumed jurisdiction by virtue of eminent domain, and to my reading of the entire situation, it is about a court in Missoula, Montana deciding a matter of law with regard to ownership. And if someone else wants to own it, I’m not sure how they do that." Engen says answers to the questions about who can or cannot own Missoula Mountain Water should be resolved this spring."There’s a trial in March, which will happen long before these folks are suggesting they can consummate a deal," Engen saidMissoula Mayor Meets With Algonquin CEOhttp://mtpr.org/post/missoula-mayor-meets-algonquin-ceo
25122 as http://mtpr.orgThu, 25 Sep 2014 00:07:38 +0000Missoula Mayor Meets With Algonquin CEOEdward O'BrienMontana Public Radio’s Edward O’Brien sat down with Algonquin Power and Utilities CEO Ian Robertson. Robertson says "we would like to be part of the Montana utility landscape forever." Algonquin CEO Visits Missoula, Likes Mountain Waterhttp://mtpr.org/post/algonquin-ceo-visits-missoula-likes-mountain-water
25121 as http://mtpr.orgWed, 24 Sep 2014 21:58:55 +0000Algonquin CEO Visits Missoula, Likes Mountain WaterEdward O'BrienIt looks like Missoula's city water system could be sold to a Canadian company. Liberty Utilities, a subsidiary of Algonquin Power & Utilities, has reached an agreement with The Carlyle Group, which currently owns Missoula's water system. Algonquin is expected to pay an estimated $327 million for Missoula's system and three other utilities. That price includes assumption of about $77 million of existing long-term debt. No one from the utilities or Carlyle were available for comment today. But, Missoula Mayor John Engen held a press conference earlier this afternoon. MTPR's Edward O'Brien was there. Edward O'Brien: "Eric, Mayor Engen's take on today's announcement is crucial, because don't forget, Missoula's attempting to use eminent domain to take ownership of Mountain Water. Back in April, the city filed a condemnation action against The Carlyle Group to do just that." Eric Whitney: "So what's Engen's reaction to today's announcement?" O'Brien: "The answer is two fold, Eric. FirstMayor: Mountain Water Sale Changes Nothing For City's Condemnation Planshttp://mtpr.org/post/mayor-mountain-water-sale-changes-nothing-citys-condemnation-plans
24947 as http://mtpr.orgSat, 20 Sep 2014 00:07:06 +0000Mayor: Mountain Water Sale Changes Nothing For City's Condemnation PlansEdward O'BrienA Canadian utility has reached an agreement with global equity firm, The Carlyle Group, to acquire the parent company of Missoula's Mountain Water Company. Park Water owns and operates three water utilities that serve approximately 74-thousand customers in Southern California and Western Montana. Algonquin Power & Utilities Corporation's regulated utility business, Liberty Utilities, is expected to pay an estimated $327-million-dollars for the three water utilities. That price includes the assumption of approximately $77-million-dollars of existing long-term utility debt. Mountain Water Company president John Kappes is not fielding media requests today. His office issued this statement: "We at Mountain Water Company are very pleased to hear that our company is going to be part of a long term utility owner that understands and supports a local, responsive and caring approach to the provision of utility services. Liberty has a long history of providing reliable utility service inMissoula's Water Company Sold To Canadian Utilityhttp://mtpr.org/post/missoulas-water-company-sold-canadian-utility
24927 as http://mtpr.orgFri, 19 Sep 2014 16:52:08 +0000Missoula's Water Company Sold To Canadian UtilityEdward O'BrienA public hearing will be held later this month before the Missoula City Council on a proposed ordinance that would give Mayor John Engen authority to open negotiations with The Carlyle Group to purchase Mountain Water Company. Carlyle, a global alternative asset manager, purchased Mountain Water about two years ago, with the stipulation the city of Missoula would get the first shot at buying the utility if it ever went up for sale. In this feature interview with Edward OBrien, Engen explains why he thinks its important to pursue this discussion - and why now. Water fight boiling in Missoulahttp://mtpr.org/post/water-fight-boiling-missoula
9180 as http://mtpr.orgThu, 03 Oct 2013 15:56:37 +0000Water fight boiling in Missoula